Tuesday 24 October 2017

MIDEAST STOCKS-Saudi Arabia flat, Emaar lifts Dubai market

MIDEAST STOCKS-Saudi Arabia flat, Emaar lifts Dubai market:

"Saudi Arabia’s stock market ignored a huge investment conference in Riyadh and remained flat while Emaar Properties and contractor Drake & Scull helped Dubai to rebound on Tuesday.

The market barely reacted to bullish news from a major investment conference in the kingdom, which attracted hundreds of bankers, businessmen and government officials from around the world.

Crown Prince Mohammed bin Salman, the 32-year-old architect of reforms designed to end Saudi Arabia’s reliance on oil exports, announced a $500 billion plan to build a business and industrial zone that would extend into Jordan and Egypt."



'via Blog this'

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